The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

Space-based technologies are now as much a part of everyday life as electricity or running water. A range of activities from paying with a smart card to playing Pokémon Go use satellite networks to transmit data or get a positioning signal.

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After decades of innovation, satellites now play a discrete but pivotal role in the efficient functioning of modern societies and their economic development. This publication provides the findings from a OECD Space Forum project on the state of innovation in the space sector, with a view to examine how space innovation may impact the larger economy. New analysis and indicators contribute to answering some of the following questions: is the space sector still a driver for innovation in the 21st century? What are the determinants for an innovative space sector? And what are the policy responses to encourage and harness better space-related innovation?

Start-ups are gaining momentum in Latin America. Start-up Latin America 2016: Building an innovative future reviews the dynamics of start-ups and the policies for start-up promotion in four countries in the region – Chile, Colombia, Mexico and Peru. The report reviews the policy mix for start-up promotion and highlights the progress made by each country and future challenges. It identifies good practices in promoting start-ups and lessons learned in Latin America in the design and implementation of policies.

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Economists working at the OECD were pioneers of a new approach that saw innovation not as something linear but as an ecosystem involving interactions among existing knowledge, research, and invention; potential markets; and the production process.

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The economic performance of Peru in recent times has been impressive. There is now a transition underway as commodity prices fall, and the key challenge for Peru is how to improve productivity and maintain this growth trajectory. Peru is a territorially diverse country and addressing these challenges will require policies that are designed for the specific needs of different cities and regions. The importance of regional policies is particularly important for the case of Peru. Within the OECD only four countries have a larger land mass. The physical geography of the country is shaped by a thin coastal region, the Andes and the Amazon forest in the interior. These different areas are not well connected and have vastly different levels of service provision and infrastructure. The report sets out how regional policies can be improved to address these challenges. This includes ensuring the preconditions (such as revenues, capabilities and coordinating mechanisms) are in place for decentralisation to work. Lifting national productivity will largely depend on well-functioning cities. The report also includes recommendations for how Peru can develop a comprehensive approach to urban policy, including enhancing linkages with rural areas.

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Public procurement is one of the nerve centres of our economies: it represents, on average, 12% of gross domestic product (GDP) and 29% of total government expenditures across OECD countries. Used strategically, it can help make our economies more productive, our public sectors more efficient, and our societies and economies more inclusive, our institutions more trusted.

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Forum promoting policy exchange on the increasing strategic approach of Innovation Procurement. This forum provided a space for policy makers and leaders in public procurement to share knowledge and good practices in transforming procurement into a strategic function.

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The post-crisis recovery in entrepreneurial activity remains mixed across countries, but new data released today by the OECD provides tentative signs of a turning point, with trends in enterprise creation rates pointing upwards in most economies.